2021-03-31-accounts - Avail

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Avail

Charity No. 1017386

Trustees' Report and Unaudited Accounts

31 March 2021

Avail Contents

	Pages
Trustees' Annual Report	2
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Statement of Cash flows	14
Notes to the Accounts	8
Detailed Statement of Financial Activities	15

Page 1

Avail Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1017386

Principal Office

62 Holborn Approach Woodhouse Leeds West Yorkshire LS6 2PD

Trustees

The following Trustees served during the year:

Caitlin Mbewe Chris French David Medlock David Vine Tom Patkai

Key Management Personnel

Administrator Esther Mary French Signatory Peter Phillip French Mission Worker and signatory for Avail Grace Olaf Brellenthin Administrator and signatory for Avail Bolivia John Britton Accountants

HCA Group Capital House 7 Sheepscar Court Northside Business Park Leeds LS7 2BB

Bankers

HSBC UK PO BOX 105 33 Park Row Leeds West Yorkshire LS1 1LD

Page 2

Avail Trustees Annual Report

AIMS AND OBJECTIVES

These remain as per the original trust deed that is to assist and support Christians and their projects home and worldwide and to enable the preaching of the good news of the Lord Jesus Christ. The policy making process and the policies that effect the working of the charity

The present trustees agree that the establishing of a successful mission is second to the needs of those they are serving.
Appointing new trustees and officers, the existing trustees acknowledge that only those of maturity and experience in Christian work would be eligible, they would also need to be supportive of the aims and purposes of the charity.
The trustees meet a twice a year and are in regular contact via all established means of communication. They recognise that the back office work depends on Mr Christopher French (chairman). He in turn agrees to fulfil their decisions.
Having produced a booklets on our beliefs and working practice, advice for missionaries, Crisis management and accounting procedures we have documents that set out where we stand in regard to mission.

We adhered to our aims and objectives during the year. The personal touch of trustees was hampered because of pandemic but the financial support was beyond anything previously experienced.

OVERVIEW

A mixed year but we are encouraged that we have fulfilled everything required by the Charity Commission and the principles of our Statement of Faith.

Once we realised the detrimental effect of the Covid pandemic in poor countries we opened a fund to assist Covid-related problems such as health, famine, school fees etc. The uptake was extremely successful and showed people's care and compassion. The charity passed on all income without any charge being levied.

FRAUD PERPETRATED ON THE CHARITY

The charity was the subject of a fraud and have lost £170,000.

The charity had surplus funds in its current accounts and the trustees were looking to place funds in fixed deposit accounts. The trustees decided to place £170,000 with Quilter Cheviot, a firm of investment managers in October 2019, and transferred £170,000 to an account they believed to be in the name of Quilter Cheviot.

In September 2020, the charity approached Quilter Cheviot for a statement and maturity value only to be informed by Quilter Cheviot that they had no knowledge of funds being placed with them. The charity then discovered that they had transferred funds to a “cloned” account and that a fraud had been perpetrated on them.

Upon discovery, the trustees took steps to inform the Charity Commission who advised them to report the matter to Action Fraud and the police, which we duly did.

We have had extensive correspondence with the Charity Commission, Action Fraud and the charity’s bankers, Virgin Money (previously Yorkshire Bank). We are saddened and disappointed to conclude that there are no realistic prospects of recovering the amount defrauded.

Page 3

Avail Trustees Annual Report

FUTURE OF THE CHARITY

When we meet as trustees we are conscious of growing in our understanding and are seeing the benefits reaped in terms of those who have chosen to register with us.

Practically we remain committed to our statement 'Serving those who serve'. Our desire to serve and honour the Lord as charity trustees is at the base of everything. We are conscious that He is the Lord of all and it is to Him we look for help and wisdom.

We recognise the importance of remaining fresh and in touch with new opportunities, and we see the benefit of appointing the new trustees.

We review annually those who are registered with us and discuss how best we can serve them.

We remain focused on the desire to see younger folk appointed as trustees.

We see the need to develop our presence on the internet and have agreed to enhance our website. Alongside this we are looking to produce videos of the work and of those who initiated the vision. Safeguarding has become extremely important and we realise that personal integrity and financial honesty are not issues to be taken lightly by the trust or by those registered with us. It was shocking to us that we were defrauded by unknown people who had cloned a bona fide investment company (Quilter Cheviot). Once it was realised we contacted Action Fraud and started the process of challenging Yorkshire Bank who have steadfastly refuted our claims that they had a responsibility. We are pleased to be told by our business manager at HSBC that he was pleased with our efforts to fulfil financial security.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Chris French Trustee 14 January 2022

Page 4

Avail Independent Examiners Report

Independent Examiner's Report to the trustees of Avail

I report to the trustees on my examination of the accounts of Avail for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of ICAEW (The Institute of Chartered Accountants in England and Wales).

Matter of Concern

I have completed my examination. I have identified a matter of concern in my report because I have concerns that there has been material expenditure or action not to be in accordance with the trusts of the charity.

The accounts disclose a loss of an investment of £170,000. The trustees explained this arose because they transferred £170,000 (2 payments of £85,000 each) to an account they believed to be in the name of an investment manager.

In September 2020, the charity approached the investment manager for the statement and maturity value only to be informed by the investment manager that they had no knowledge of the funds being placed with them. The trustees then disclosed that they had transferred funds to a "cloned account" and that the fraud has been perpetrated on the charity. The trustees have actively attempted to recover the funds, but without any success. The trustees have reported the matter to the charity's bankers, the Charity Commission and Action Fraud.

Other than this matter, I can confirm that no other material matters have come to my attention in connection with the examination giving me cause to believe that in, any material aspect :

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Raza Effendi FCA MBA

ICAEW (The Institute of Chartered Accountants in England and Wales) HCA Group

Capital House , 7 Sheepscar Court, Northside Business Park LS7 2BB

14 January 2022

Page 5

Avail Statement of Financial Activities

for the year ended 31 March 2021

Unrestricted funds 2021 £ 677,137	Restricted funds 2021 £ 36,602	Total funds 2021 £ 713,739	Total funds 2020 £ 580,064
677,137 599,796 15,265	36,602 10,601 1,764	713,739 610,397 17,029	580,064 417,688 47,566
615,061 -	12,365 (170,000)	627,426 (170,000)	465,254 -
62,076 -	(145,763) -	(83,687) -	114,810 -
62,076	(145,763)	(83,687)	114,810
62,076 303,089	(145,763) 241,369	(83,687) 544,458	114,810 429,647
365,165	95,606	460,771	544,457

Page 6

Avail Balance Sheet

at 31 March 2021

Charity No. 1017386 Fixed assets Tangible assets 8 Investments 9 Current assets Debtors 10 Cash at bank and in hand Creditors:Amount falling due within one year 11 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 12 Restricted income funds Unrestricted funds 12 Designated funds Total funds	2021 £ 2,811 - 2,811 7,972 451,188 459,160 (1,200) 457,960 460,771 460,771 460,771 95,606 95,606 365,165 365,165 460,771	2020 £ 3,307 170,000
		173,307 9,005 363,346
		372,351 (1,200)
		371,151 544,458
		544,458
		544,458
		241,369
		241,369 303,089
		303,089
		544,458

Approved by the trustees on 14 January 2022

And signed on their behalf by:

Chris French Trustee 14 January 2022

Page 7

Avail Notes to the Accounts

for the year ended 31 March 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Avail Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and Equipment 15% reducing balance

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

Avail Notes to the Accounts

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations Gift Aid	Unrestricted £ 645,049 32,088 677,137	Unrestricted funds 2020 £ 553,306 553,306 405,304 40,823 446,127 107,179 107,179 107,179 195,909 303,088 Restricted £ 33,604 2,998 36,602	Restricted funds 2020 £ 26,758 26,758 12,384 6,742 19,126 7,632 7,632 7,632 233,738 241,370 Total 2021 £ 678,653 35,086 713,739	Total funds 2020 £ 580,064
				580,064 417,688 47,565
				465,253
				114,811
				114,811
				114,811 429,647
				544,458
				Total 2020 £ 547,159 32,905
				580,064

Page 10

Avail

Notes to the Accounts

4 Expenditure on charitable activities Unrestricted £ Expenditure on charitable activities Gifts and Mission Support 589,748 Disaster Relief - Child Support 10,048 599,796 5 Other expenditure Unrestricted £ Motor and travel costs 3,245 Premises costs 1,474 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets 496 General administrative costs 8,850 Legal and professional costs 1,200 15,265 6 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs No employee received emoluments in excess of £60,000.	Restricted £ 560 - 10,041 10,601 Restricted £ - 1,400 - 364 - 1,764 2021 £ 496	Total 2021 £ 590,308 - 20,089 610,397 Total 2021 £ 3,245 2,874 496 9,214 1,200 17,029	Total 2020 £ 379,700 25,570 12,418
			417,688
			Total 2020 £ 23,732 12,036 583 10,015 1,200
			47,566
			2020 £ 583

Page 11

Avail Notes to the Accounts

8 Tangible fixed assets

Cost or revaluation At 1 April 2020 At 31 March 2021 Depreciation and impairment At 1 April 2020 Depreciation charge for the year At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 9 Investments Cost At 1 April 2020 Loss due to fraud At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 10 Debtors Other debtors 11 Creditors: amounts falling due within one year Accruals and deferred income	2021 £ 7,972 7,972 2021 £ 1,200 1,200	Fixtures and Equipment £ 30,776 30,776 27,469 496 27,965 2,811 3,307	Total £ 30,776
			30,776
			27,469 496
			27,965
			2,811
			3,307
			Total £ 170,000 (170,000)
			-
			-
			170,000
			2020 £ 9,005
			9,005
			2020 £ 1,200
			1,200

Page 12

Avail Notes to the Accounts

12 Movement in funds

Incoming resources (including other gains/losses) £ (133,398) (133,398) 677,137 677,137 543,739 Unrestricted funds £ 2,811 192,354 195,165 At 1 April 2020 £	Resources expended £ (12,365) (12,365) (615,061) (615,061) (627,426) Restricted funds £ - 265,606 265,606 Cash flows £	At 31 March 2021 £ 95,606
		95,606
		365,165
		365,165

		460,771
		Total £ 2,811 457,960
		460,771
		At 31 March 2021 £
363,346	87,842	451,188
363,346 363,346	87,842 87,842	451,188
		451,188

Page 13

Avail Statement of Cash flows for the year ended 31 March 2021

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Decrease in trade and other receivables Decrease in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Loss from fraud Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2021 £ (83,687) 496 1,033 - (82,158) 170,000 170,000 - 87,842 363,346 451,188	2020 £ 114,811 583 21,843 (1)
		137,236
		-

		-

		-

		137,236
		396,110
		533,346

Components of cash and cash equivalents
Cash and bank balances	451,188	363,346

	451,188	363,346

Page 14

Avail Detailed Statement of Financial Activities

for the year ended 31 March 2021

Income and endowments from: Donations and legacies Donations Gift Aid Total income and endowments Expenditure on: Charitable activities Gifts and Mission Support Disaster Relief Child Support Total of expenditure on charitable activities Motor and travel costs Travel and subsistence Premises costs Rent Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Fixtures and Equipment Bank charges Software, IT support and related costs Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Total of expenditure of other costs Total expenditure	Unrestricte d funds 2021 £ 645,049 32,088 677,137 677,137 589,748 - 10,048 599,796 599,796 3,245 3,245 1,474 - 1,474 496 856 4,554 3,044 396 9,346 1,200 1,200 15,265 615,061	Restricted funds 2021 £ 33,604 2,998 36,602 36,602 560 - 10,041 10,601 10,601 - - 1,400 - 1,400 - 84 - - 280 364 - - 1,764 12,365	Total funds 2021 £ 678,653 35,086 713,739 713,739 590,308 - 20,089 610,397 610,397 3,245 3,245 2,874 - 2,874 496 940 4,554 3,044 676 9,710 1,200 1,200 17,029 627,426	Total funds 2020 £ 547,159 32,905
				580,064
				580,064 379,700 25,570 12,418
				417,688
				417,688 23,732
				23,732
				9,141 2,895
				12,036
				583 990 3,818 4,564 643
				10,598
				1,200
				1,200

				47,566
				465,254

Page 15

Avail Detailed Statement of Financial Activities

Avail Detailed Statement of Financial Activities
Net losses on investments due to fraud Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	- 62,076 62,076 - 62,076 303,089 365,165	(170,000) (145,763) (145,763) - (145,763) 241,369 95,606	(170,000) (83,687) (83,687) - (83,687) 544,458 460,771	-
				114,810
				114,810 -
				114,810
				429,647
				544,457

Page 16